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MCX to launch gold options in September

Reuters  |  PANAJI, India 

By Rajendra JadhavPANAJI, India (Reuters) - India's Multi Commodity Exchange (MCX) will launch the country's first gold options contract in September allowing even smaller players in the bullion industry an instrument to hedge their risk, a senior company official told Reuters."Somewhere around end September we will launch gold options. We have already conducted mock drills," Murgank Paranjape, managing director of MCX, said on the sidelines of a conference.The Securities and Exchange Board of India has approved the options contract, he said."For years the market has been waiting for options. ...

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First Published: Sat, August 12 2017. 09:51 IST